<p>Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: </p> This article was written by Eamonn Sheridan at www.forexlive.com.
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EURUSD challenges key resistance at 1.1000, eyeing November/December highs
<p>The EURUSD after running up to 1.10017 at the start of the US session and falling back off to a US session low near 1.0975, is back up retesting the 1.1000 level. The high prices from November and December peaked at 1.10087 and 1.10164 respectively. Those levels represent the highest levels going back to August […]
Crude oil settles at $73.89
<p>Crude oil futures are settling at $73.89. That's down $-0.33 or -0.44%.</p><p>The high price today reached $74.55. The low price reached $72.47.</p><p>Looking at the daily chart below, the low price today stalled near the low from November at $72.37. That is a close support level for the pair going forward.<
The Australian dollar is in an interesting spot for 2024
<p>Divergences in monetary policy often lead to long-term currency trends and that's why the Australian dollar is so interesting heading into 2024.</p><p>Most global central bankers are in the midst of a pivot and the Reserve Bank of Australia will probably follow but there is a good chance they don't. Inflation is highe
Baker Hughes US oil rig count -3
<ul><li>Oil rigs -3 to 498</li><li>Gas rigs +1 to 120</li></ul><p>WTI crude oil is trading down 80-cents to $73.39 after Angola left OPEC.</p> This article was written by Adam Button at www.forexlive.com.
Heads up. Baker Hughes data out a day early today
<p>Head's up. </p><p>Bakers Hughes rig count will be released a day early at the top of the hour. Crude oil is trading down around -$0.89 or -1.20% at $73.33. The high today reached $74.58. The low reached $72.44. </p><p>This week oil prices are up 2.12% after bottoming last week at $67.71. The low this week [&hel
The USDJPY is back below the 200 day MA and 38.2% retracement
<p>The USDJPY – over the last 6 trading days – has seen price action trade above and below the 38.2% of the 2023 trading range and the 200-day MA at 142.47 to 142.70 respectively. </p><p>Yesterday, the price traded the whole day above those levels after Tuesday's run higher (after the BOJ run up on Tuesday), [&hel
AUDUSD: Surge towards resistance zone signals bullish momentum
<p>The AUDUSD pair has reached a new daily high and is currently trading at its highest level since July 27. The price has just touched 0.6794, indicating a significant upward momentum.</p><p>On the daily chart, this ascent brings the pair close to a crucial resistance zone, which lies between 0.6805 and 0.6820. Within this zone i
European equity close: UK stocks were the leaders this week
<p>On the day:</p><ul><li>Stoxx 600 -02%</li><li>German DAX -0.3%</li><li>UK FTSE 100 -0.2%</li><li>French CAC -0.2%</li><li>Italy MIB -0.3%</li><li>Spain IBEX 0.0%</li></ul><p>On the week:</p><ul><li>Stoxx 600 +1.6%</li><
USDCAD hits a new 4-month low, Buyers eyeing potential reversal
<p>The USDCAD is trading to another new low today- taking out the low from yesterday at 1.33107. The low price reached 1.3303. That got within 5 pips of the low of a swing area I have that runs from 1.3298 to 1.33203. The current price remains in that area at 1.3308. </p><p>Technically, low risk buyers […]